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Elon Musk cemented his newfound place of “Chief Twit” by using firing Twitter’s board of administrators, successfully making him the “sole director” of the social media company.
The Tesla and SpaceX CEO marked the completion of his $forty four billion Twitter takeover closing week with the aid of axing a number of of the corporate’s former prime executives. As news watchers speculate on what content will be unleashed within the title of free speech beneath Musk’s new administration, a new securities submitting presentations that every one of Twitter’s earlier board participants are actually out of the equation.
It used to be already identified that CEO Parag Agrawal; CFO Ned Segal; felony coverage, belief and safety head Vijaya Gadde; and common tips Sean Edgett were among those Musk ousted first. Now the filing presentations that Musk’s merger makes him “the sole director of Twitter,” and “based on the terms of the Merger Settlement, efficient as of the effective time of the Merger, the following individuals, who had been directors of Twitter previous to the efficient time of the Merger, are not directors of Twitter: Bret Taylor, Parag Agrawal, Omid Kordestani, David Rosenblatt, Martha Lane Fox, Patrick Pichette, Egon Durban, Fei-Fei Li and Mimi Alemayehou.”
Musk’s transfer may not surprise his followers, given the public disputes he held with Twitter’s high brass for months ahead of acquiring the platform. He revisited his complaints about overpaying for Twitter on Sunday when he posted a tweet accusing the former Twitter board and their legal professionals of hiding proof from the court.
Wachtell & Twitter board intentionally hid this proof from the court. Stay tuned, more to return … %twitter.com/CifaNvtRtt
— Elon Musk (@elonmusk) October 31, 2022
The post ‘Chief Twit’ Elon Musk Dissolves Twitter Board of Administrators, Makes Himself ‘Sole Director’ of the Platform first appeared on Mediaite.